Regulatory FrameworkQuestion 390 of 398
A registered person fails to complete their required Regulatory Element continuing education by the applicable deadline. What is the typical consequence?
a.The person's registration becomes CE inactive, and they cannot perform activities requiring registration until it is completed
b.The person is permanently barred from the industry
c.The person must retake the SIE exam
d.There is no consequence as long as the Firm Element is complete
Explanation
If a registered person does not complete the Regulatory Element by the deadline, their registration becomes 'CE inactive,' and they may not perform activities requiring registration until they complete it. The Regulatory Element must be completed annually for each registration category held. This is separate from the Firm Element, which the firm administers.
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